COMMISSIONER OF INCOME TAX-II, HYDERABAD vs. M/s. The A.P.Vardhaman(Mahila)Cooperative Urban
In the result, for the above reasons, these appeals fail and
ITTA/715/2006HC Telangana07 Jun 2011
Bench: V.V.S.RAO,RAMESH RANGANATHAN
Section 260ASection 46Section 80P(2)(a)
disallowed by the assessing officer on the
ground that the assessee did not obtain prior approval in respect of
investments against statutory reserves as required under Section
46 of the Andhra Pradesh Cooperative Societies Act, 1964 (the
Societies Act) and Rule 37(2) of the Andhra Pradesh Cooperative
Societies Rules, 1964 (the Societies Rules). The assessing officer
came